Description FY2019 2018 2017 2016 2015 2014
Revenues 31,387.39 48,788.95 45,212.90 23,788.32 14,152.75 10,286.81
Cost of Revenue (25,782.75) (39,926.33) (35,749.37) (19,820.48) (12,231.51) (9,177.92)
Gross Profit 5,604.64 8,862.62 9,463.53 3,967.84 1,921.24 1,108.90
Profit before Financial Charges, Equity in Net Income of Associates and Joint Ventures 5,239.47 7,966.90 6,526.60 3,145.78 1,446.99 949.74
Profit for the year 1,028.90 4,619.57 4,201.57 1,813.07 1,047.59 511.57
Profit Attributable to:
Owners of the Parent Entity 938.14 3,962.84 3,881.71 1,713.26 1,047.74 511.89
Non-Controlling Interest 90.76 656.73 319.86 99.81 (0.15) (0.32)
Total Comprehensive Income for the Year 962.76 4,909.06 4,176.78 1,809.18 1,567.12 471.89
Total Comprehensive Income Attributable to:
Owners of the Parent Entity 872.00 4,252.33 3,856.92 1,709.37 1,567.27 471.89
Non-Controlling Interest 90.76 656.73 319.86 99.81 (0.15) (0.32)
Earnings per Share (in full Rupiah) 69.11 291.95 284.14 147.48 90.19 51.90
ASSETS
Cash and Cash Equivalents 9,258.31 10,845.68 6,088.96 10,656.00 5,511.19 1,675.28
Short-term Investments 8.45 8.45 8.45 8.45 10.66 24.28
Accounts Receivables - Net 3,555.90 3,768.19 1,871.07 4,317.46 1,648,121 2,306.76
Retention Receivables - Net 1,783.13 1,333.87 1,050.93 966.70 731.62 619.02
Other Current Receivables - Net 8,399.16 8,767.95 10,200.15 5,617.87 127.77 22.39
Joint Ventures receivables 3,302.63 659.66 1,011.05 745.98 736.25 -
Inventories 4,470.84 5,089.23 3,235.50 2,556.73 826.38 604.28
Gross Amount Due from Customers 14,171.17 32,350.73 25,020.66 10,971.80 4,579.72 3,893.67
Financial Asset From Concession Project - Current Portion 13.13 13.13 9.18 5.18 - -
Prepaid Taxes 2,639.16 2,744.22 2,174.28 1,159.44 679.79 554.59
Advances and Prepayment 1,435.96 1,408.02 1,756.79 2,706.96 854.12 229.71
Held-to-Maturity Financial Assets - - - - 100.00 175.00
Total Current Assets 49,037.84 66,989.13 52,427.02 39,712.58 15,805.62 10,104.98
Non Current Assets
Investment in Associate Entity and Joint Venture 5,384.49 6,651.47 3,449.34 2,070.70 1,571.85 734.96
Long-term Receivables - - - 180.00 2,269.23 -
Other Non-Current Receivables 109.15 76.86 40.37 301.86 206.33 42.34
Gross Amount Due from Non-Current Customers - - - 2,137.92 524.97 376.84
Investment Properties 310.15 126.28 66.55 53.41 259.97 -
Other Long-term Investments 446.76 347.82 287.62 548.40 540.22 628.10
Fixed Assets - net 8,663.21 7,091.12 4,742.29 3,013.85 1,923.14 621.79
Goodwill 1,995.91 1,995.91 2,235.78 1,710.77 1,390.68 -
Intangible Asset - Toll road Concession rights 55,378.83 40,233.25 33,932.68 11,153.74 5,580.33 -
Financial Asset From Concession Project 339.02 381.62 345.60 256.31 - -
Deferred Tax Assets 1.54 1.56 43.92 195.14 182.05 -
Other Assets 922.34 496.57 324.59 98.34 54.72 33.02
Total Non-current Assets 73,551.42 57,402.45 45,468.74 21,720.44 14,503.49 2,437.06
Total Assets 122,589.26 124,391.58 97,895.76 61,433.01 30,309.11 12,542.04
LIABILITIES
Current Liabilities
Accounts Payable 12,381.18 14,905.83 14,098.18 7,184.59 5,472.02 2,571.80
Short-Term Bank Loans 22,162.36 27,959.25 24,291.48 12,063.05 3,193.90 1,917.13
Loan to Financial Institutions Non-Bank Short-term Portion - 392.62 1,588.72 3,281.29 289.30 -
Gross Amount Due to Short-term of Subcontractor 2,688.90 6,476.52 10,027.54 7,291.44 3,300.53 2,700.54
Accrued Expenses 720.63 695.79 513.24 251.30 116.29 98.73
Tax Payable Short-term 1,381.84 2,028.61 227.79 409.81 439.40 104.18
Advances on Short-term Contracts 364.29 287.68 233.52 557.26 739.32 289.44
Interest Loan - - - - 262.55 -
Current Maturity of Long-term Bank Loans 833.00 416.50 5.39 5.39 5.00 -
Debt Purchases of Fixed Assets Current Portion 0.01 0.20 0.23 0.22 0.08 -
Short-Term Medium Term Notes 732.99 812.20 720.06 - - -
Short-Term Bonds Payable 3,264.99 1,999.29 - - - -
Other Short-Term Liabilities 493.29 825.24 603.03 239.29 108.97 46.35
Total Current Liabilities 45,023.49 56,799.73 52,309.20 31,283.65 13,631.23 7,728.15
Non-Current Liabilities
Long-Term Bank Loans 29,325.15 20,752.25 8,665.51 4,147.89 1,875.88 -
Long-Term Joint Venture Payable 773.43 671.61 694.72 177.10 296.13 -
Long Term Loan to Financial Institution Non-Bank 1,846.60 161.79 304.35 175.00 - -
Long-Term Gross Amount Due to Subcontractors 1,361.07 2,225.14 - - - -
Advances on Long-Term Contract 165.90 262.90 547.59 1,278.31 1,276.10 715.75
Deferred Tax Liabilities 28.64 54.36 43.05 8.61 - -
Long-Term Taxes Payable 193.16 805.41 1,067.59 - - -
Other Long-term Payable 1,876.41 1,549.14 2,339.19 1,954.05 786.86 3.65
Long-Term Medium Term Notes 300.00 300.00 - - - -
Long-Term Bond Payable – net 12,422.42 11,849.36 9,045.26 5,567.53 2,670.63 1,245.66
Debt Purchase of Fixed Assets Long-term Portion - 0.01 0.24 0.31 0.14 -
Employee Benefit Liabilities 154.51 72.77 124.24 67.34 67.93 8385
Total Non-current Liabilities 48,447.30 38,704.74 22,831.74 13,376.14 6,973.67 2,048.91
Total Liabilities 93,470.79 95,504.46 75,140.94 44,659.79 20,604.90 9,777.06
EQUITY
Share Capital 1,357.39 1,357.39 1,357.39 1,357.37 1,357.25 972.75
Additional Paid-in Capital 5,552.03 5,552.03 5,467.02 5,882.68 5,881.62 880,79
Retained Earnings
Appropriated 1,672.39 1,583.50 920.94 578.29 368.74 268.43
Unappropriated 8,561.02 8,763.91 5,760.14 2,755.88 1,435.90 738.25
Other Component of Equity 739.58 744.30 500.95 495.35 503.59 (101.11)
Total Attributable to:
Owners of Parent 17,882.41 18,001.12 14,006.44 11.069.55 9,547.10 2,759.12
Non-controlling Interest 11,236.06 10,886.00 8,748.39 5,703.67 157,11 5,86
Total Equity 29,118.47 28,887.12 22,754.82 16,773.22 9,704.21 2,764.98
Total Liabilities and Equity 122,589.26 124,391.58 97,895.76 61,433.01 30,309.11 12,542.04
CASH FLOW STATEMENT
Net Cash Provided by (Used) Operating Activities 9,014.25 3,035.14 (5,959.56) (7,762.41) 657.97 (88.71)
Net Cash Used in Investing Activities (14,924.74) (18,768.15) (19,238.72) (9,552.72) (6,926.88) (1,082.45)
Net Cash Provided by Financing Activities 4,334.94 20,667.48 20,630.92 22,459.33 10,098.90 1,727.98
Net Increase (Decrease) in Cash and Cash Equivalents (1,575.55) 4,934.47 (4,567.36) 5,144.20 3,829.99 556.82
Unrealized Gain (Loss) on Foreign Exchange rate (11.82) 11.11 0.33 0.61 5.91 (1.23)
Effect on Divestment - (188.87) - - - -
Cash and Cash Equivalents at the Beginning of Year 10,845.68 6,088.96 10,656.00 5,511.19 1,675.28 1,119.69
Cash and Cash Equivalents at the End of Year 9,258.31 10,845.68 6,088.96 10,656.00 5,511.19 1,675.28
KEY FINANCIAL RATIOS
Return on Assets 0.84 3.71 4.29 2.95 3.46 4.08
Return on Equity 3.53 15.99 18.46 22.42 39.31 18.50
Net Profit Margin 3.28 9.47 9.29 7.62 7.40 4.97
Current Ratio 1.09 1.18 1.00 1.17 1.16 1.31
Liabilities to Total Assets Ratio 0.76 0.77 0.77 0.73 0.68 0.78
Liabilities to Equity Ratio 3.21 3.31 3.30 2.66 2.12 3.54
OPERATING HIGHLIGHTS
Auction Won 192 215 166 146 275 217
Auctions Win Percentage (in %) 52.53 28.08 49.97 42.31 34.93% 31.45%
Total New Contracts (in Billion Rupiah) 26,082 27,216 55,834 69,974 30,539 21,485